Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Focus shifts to US data-JOLTS, Consumer Confidence Wall Street poised to open higher US dollar rally continues, boosted by tariff deals USDCAD open 1.3752, overnight range 1.3731-1.3761 close 1.3740, WTI 67.06, Gold 3324.44 The Canadian dollar is under pressure ahead of today’s US economic data. Yesterday’s EU/US trade deal, which is seen as extremely […]
EU/US reach tariff agreement Equities firm, US dollar index climbs US opens with gains across the board USDCAD open 1.3726, overnight range 1.3689-1.3742, close 1.3702, WTI 65.77, Gold 3338.83 The Canadian dollar sank due to widespread US dollar demand following the news of the US and EU trade deal, which managed to remove a […]
Traders hoping for EU/US trade deal announcement Equities rise on trade deal hopes US grinds out small gains USDCAD open 1.3611, overnight range 1.3591-1.3614, close 1.3599, WTI 66.17, Gold 3363.59 The Canadian dollar stalled at key resistance and its upside appears contained for now. Traders are reluctant to push it lower ahead of clarity […]
Trump announces trade deal with Japan Global equity indexes rise as risk sentiment improves US opens with losses across the board. USDCAD open 1.3582, overnight range 1.3579-1.3613, close 1.3606, WTI 64.96, Gold 3431.33 The Canadian dollar extended yesterdays rally due to improved risk sentiment following trade deal announcements. Prime Minister Carney appears unfazed by […]
Traders getting cautious as tariff deadline nears. BoC’s BOS Survey too stale to count. US dollar trading quietly but with negative bias. USDCAD open 1.3678, overnight range 1.3675-1.3695, close 1.3682, WTI 65.28, Gold 3386.24 The Canadian dollar drifted higher on broad US dollar weakness ahead of a North American trading session without any actional […]
BoC Business Outlook Survey ahead. Yen mostly ignores Japanese election results. US dollar inches lower in quiet trading. USDCAD open 1.3725, overnight range 1.3714-1.3735, close 1.3726, WTI 65.90, Gold 3366.32 The Canadian dollar is inching higher in quiet trading ahead of today’s release of the Bank of Canada Business Outlook Survey. The BoC incorporates […]
USDJPY vulnerable to Japanese elections Sunday. US dollar opens lower but has an underlying bid. USDCAD open 1.3727, overnight range 1.3724-1.3757, close 1.3754, WTI 68.50, Gold 3352.36 The Canadian dollar is inching higher as market sentiment continues to brighten globally, though the move may not hold. The underlying reasons that lifted the US dollar […]
Lingering turmoil from Powell and tariff drama. US Retails Sales data expected to rise 0.1% m/m. US dollar trading with a bid on firmer Treasury yields. USDCAD open 1.3750 overnight range 1.3684-1.3769, close 1.3682, WTI 66.55, Gold 3325.69 Yesterday, the Canadian dollar sank along with the other G-10 major currencies when Donald Trump floated […]
Expectations for Fed to cut rates in September drop. US PPI data on tap US dollar is consolidating yesterdays gains at the open. USDCAD open 1.3691, overnight range 1.3694-1.3709, close 1.3706, WTI 66.60, Gold 3363.09 The Canadian dollar took a hit after hotter-than-expected US inflation data yesterday encouraged traders to scale back bets on […]
Trump slaps 35% tariff on Canada effective August 1 Tariff fatigue takes sting out of latest Trump tariff action against EU and Mexico. US dollar modestly higher on risk aversion. USDCAD open 1.3680 overnight range 1.3673-1.3706, close 1.3691, WTI 69.41, Gold 3371.18 The Canadian dollar shrugged off Trump’s latest tariff salvo. Friday, Canada’s June […]
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